Financial Operations Analyst

Description:

Role Overview

As a Financial Operations Analyst, you will be accountable for supporting the Head of Settlements in ensuring a timely, accurate and complete end-to-end settlements process for all London Trading Desks within the Oil Group. You will support the team to ensure all settlements targets and KPI’s are met.

Key Responsibilities

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Completion of the day-to-day workload as prescribed by your manager.

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Ensuring resolution of any day-to-day operational issues and escalating where appropriate.

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Building relationships both internally and externally to create and support business information flow.

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Complete the end-to-end invoicing process, including:

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Physical Receivable Invoice Process: Create, check and dispatch receivable invoices across physical trades and secondary costs.

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Physical Payable Invoice Process: Receive, validate and process payable invoices across physical trades and secondary costs.

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Brokerage Payable Invoice Process: Receive, validate, and process broker statements.

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Errors and Invoice Amendment: Problem solve invoice errors and amendments with support from other functions.

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Monitor receivables, including cash application and debt management.

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Monitor intercompany balances and invoicing processes.

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Liaise with internal desks/teams, particularly operations and risk management, on settlement disputes.

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Monitor and resolve queries from external parties, escalating where required.

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Resolve settlements issues to improve balance sheet position and cash conversion cycle.

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Follow team processes to ensure all counterparty, billing and settlement information is in line with company policy.

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Support and review regular updates of internal processes within the FinOps area.

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Proactively contribute to continuous improvement initiatives within Finance Operations.

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Meet KPI’s and performance targets allocated to your area.

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Provide review and commentary to team reporting and analytics such as month-end open items reporting.

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Support the manager with periodic and ad hoc management reporting.

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Perform ad hoc duties as required.

Education and Experience Requirements

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Experience of working in settlements ideally within a global commodities/energy company (essential).

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Knowledge of trading.

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Knowledge of physical commodities (essential).

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Knowledge of straight-through processing from trading to accounting (desirable).

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Focus on operational improvement.

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Ability to work well under pressure